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    Retained Earnings

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    Common stock is $29,562 and retained earnings are $58,425 is currently what is on balance sheet. Suppose next year the company posts $43,000 in net profit and 16,00 in dividends. what will the companies ending balance for retained earnings be next year?

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    Ending balance for Retained earnings next year=beginning retained ...

    Solution Summary

    Solution determines the ending balance for retained earnings next year.